China Has Passed 500,000 New Energy Vehicle Sold (Excluding Imports)
One of our readers (Hat Tip to Emc2!!!) compiled the total number of New Energy Vehicles (plug-in vehicles) sales in China (not including imports) to find out that the 500,000 milestone was reached sometime in March of 2016.
Looking back, we also recently noted that 2015 alone closed at 331,092 plug-ins sold, add in the 74,763 sold in 2014, and you are already up to 405,855 over just two years.
For this year, CAAM data shows 58,757 PEVs sold in Q1 2016 ,and with over 37,000 in 2011-2013 (2011: 8,159, 2012: 12,791, 2013: 17,642) a total of some 502,000 EVs have been tallied through March 2016.
By the end of April, cumulative numbers have already exceed 530,000. Breaking out just all-electric vehicles, BEVs make up well over two-thirds.
New Energy Vehicles (NEVs) in China not only include both all-electric and plug-in hybrid vehicles, but of all types – from small cars to electric buses/trucks.
At this point China is ahead of U.S. and Europe (which are both also approaching 500,000), but sales in China is now growing much faster thanks to the heavy hand of the government applying pressure to “go green”.